collateral contract
collateral warranty or collateral contract
The meaning of this term differs depending on the context in which it is used:
• In the general law of contract, a term or contract which runs outside the main written contractual agreement between the parties.
• In construction law, collateral warranty refers specifically to a contract between a professional consultant, building contractor or sub-contractor and a third party (for example, a fund, tenant or buyer). It is an agreement under which a professional consultant, building contractor or sub-contractor generally warrants to a third party that it has complied with its appointment, building contract or sub-contract.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Collateral contract — A collateral contract is a contract where the consideration is the entry into another contract, and co exists side by side with the main contract. For example, a collateral contract is formed when one party pays the other party a certain sum for… …   Wikipedia

  • collateral contract — A contract prior to, or contemporaneous with, a deed, which, if not incorporated in the deed, is not effective to limit the estate conveyed or bind directly the use of the property ineluded in the grant, but may be given effect as a personal… …   Ballentine's law dictionary

  • collateral contract — …   Useful english dictionary

  • collateral contract doctrine — An exception to the parol evidence rule, similar in many respects to the doctrine of partial integration, which permits proof by parol of a separate and independent verbal cuntract between the parties to a written contract under the principle… …   Ballentine's law dictionary

  • collateral warranty — or collateral contract The meaning of this term differs depending on the context in which it is used: • In the general law of contract, a term or contract which runs outside the main written contractual agreement between the parties. • In… …   Law dictionary

  • collateral — col·lat·er·al 1 /kə la tə rəl, la trəl/ adj 1 a: accompanying as a secondary fact, activity, or agency but subordinate to a main consideration b: not directly relevant or material a collateral evidentiary matter a collateral issue 2: belonging to …   Law dictionary

  • Collateral — may refer to: Collateral (finance) Collateral (film) See also Collateral damage Collateral Warranty Collateral contract Collateral ganglia Collateral estoppel Collateral source rule Collateralized debt obligation Marketing collateral Collateral… …   Wikipedia

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …   Black's law dictionary

  • collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …   Black's law dictionary

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